Posted 3/12/2024, 1:18:56 PM
College Still Worthwhile Investment Despite Rising Costs, Although Payoff Varies by Major
- College degrees still offer better returns (around 10%) than the stock market (7.6%) despite rising costs
- Returns vary significantly by college major - engineering and computer science majors see 13% returns vs less than 8% for humanities/arts majors
- Women tend to have slightly higher returns than men on college degrees
- Returns have fallen over the past decade from over 10% to around 9% due to costs rising faster than graduate earnings
- Financial aid may need to increase for low-return majors to ensure enough students pursue fields like education